N-1Non-Confidential Work Order 10/4/2010
8 passages
6. REPAYMENT OF CONTRIBUTIONS - 6.1 For the period commencing on March 31, 2014 and ending on March 31, 2019, the Parties shall pay to NB Power 50 percent of annnal Profits derived from equipment, know-how, or other forms of Developed Inte...
AI summary This section outlines the repayment obligations of the Parties to NB Power regarding profits from developed intellectual property and the disposition of project-related property. These obligations are tied to the Federal Contribution Agreement and must be fulfilled to comply with its terms.
6. METHOD OF PAYMENT - Subject to the terms and conditions of this Agreement, following receipt of a claim, acceptable to 6.1 the Minister, for payment of Eligible Costs Incurred by the Proponent, accompanied by copies of documents in acco...
AI summary The document outlines the method of payment under the Agreement, detailing conditions for payment of eligible costs, withholding of payments until project completion and approval, and provisions for repaying overpayments or unused funds. It also includes clauses allowing the Minister to offset amounts owed by the Proponent against future payments.
15. SUBCONTRACTS 15.1 The Proponent shall not subcontract all or any part of the Project funded by Canada except as provided in the Proposal. The Proponent shall notify the Minister of any contract the Proponent enters into with a third pa...
AI summary The Proponent is restricted from subcontracting parts of the Project funded by Canada except as outlined in the Proposal. Any subcontracting exceeding $1 million must be notified to the Minister with details on the work, contractor identity, and estimated cost. The Minister has no privity of contract with subcontractors, and the Proponent retains sole responsibility for selecting and amending subcontractors.
BUDGET AND ELIGIBLE COSTS - Subject to the terms and conditions of this Agreement, the Proponent shall be reimbursed for Eligible Costs Incurred following successful completion of Project requirements. Eligible Costs shall be approved in a...
AI summary The document outlines the reimbursement of eligible costs incurred by the Proponent following the successful completion of Project requirements. Canada's contribution is capped at 50% of eligible project costs or $15,900,000, whichever is lower, and applies to costs incurred between May 19, 2009, and March 31, 2014.
A. Payment of CIRlms: The Proponent sball provide the foilowlng documentation when submitting each claim for payment. which should b. quarterly in a fiscal year. - i) a financial report signed by the CblefFlnancial Officer or Duly Ambor\ze...
AI summary The Proponent must submit documentation for claims, including financial reports, cash flow statements, and activity reports with Gantt charts. They must also provide a statement of anticipated costs if payment is not submitted by March 31. This ensures transparency and accountability in project management and funding.
CERTIFICATION OF COSTS INCURRED AND PAID Pursuant to Article 6 of this Agreement, the Proponent must submit, no later than April 30, 2014, the following certification in writing on company letterhead and signed by the duly authorized offic...
AI summary The Proponent, NB Power Holding Corporation, certifies that all eligible project costs have been incurred and paid as of April 30, 2014. The certification is required under Article 6 of the agreement and includes a statement that supporting documents will be available upon request. Misrepresentation or breach could result in default and termination of the agreement.
Each Party shall also: - be responsible for the full cost of overruns attributable to their respective utility projects; and - provide NB Power with quarterly and annual repOlts detailing the progress and the outputs of its project scope,...
AI summary Parties are responsible for the full cost of project overruns and must provide NB Power with detailed reports on project progress from 2010 to 2019. Adjustments to project scope may affect federal contributions, which are calculated using the Fairness Formula. The formula ensures payments are based on actual expenses incurred by the Parties.
Funding contributions are to be allocated among the Utilities based upon the following principles: - All Common Costs are to be paid from Shared Funding. - After the payment of all Common Costs, the balance of the Shared Funding remaining...
AI summary The document outlines the principles for allocating funding contributions among utilities, specifying that common costs are covered by shared funding and the remaining balance is distributed based on the relative project scope of each utility.